Gourmet Master Co. Ltd.

TWSE:2723 Stock Report

Market Cap: NT$16.4b

Gourmet Master Valuation

Is 2723 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 2723 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
NT$302.23
Fair Value
69.9% undervalued intrinsic discount
5
Number of Analysts

Below Fair Value: 2723 (NT$91.1) is trading below our estimate of fair value (NT$302.23)

Significantly Below Fair Value: 2723 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 2723?

Key metric: As 2723 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 2723. This is calculated by dividing 2723's market cap by their current earnings.
What is 2723's PE Ratio?
PE Ratio40.5x
EarningsNT$404.75m
Market CapNT$16.40b

Price to Earnings Ratio vs Peers

How does 2723's PE Ratio compare to its peers?

The above table shows the PE ratio for 2723 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.2x
2727 Wowprime
13.8x10.9%NT$17.8b
2753 Bafang Yunji International
17.2x11.8%NT$9.8b
2729 TTFB
23.1xn/aNT$7.9b
2732 La Kaffa International
18.9xn/aNT$4.5b
2723 Gourmet Master
40.5x41.0%NT$16.4b

Price-To-Earnings vs Peers: 2723 is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does 2723's PE Ratio compare vs other companies in the TW Hospitality Industry?

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
2718 Allmind Holdings
2xn/aUS$189.62m
No more companies available in this PE range
2723 40.5xIndustry Avg. 17.3xNo. of Companies12PE01020304050+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 2723 is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the TW Hospitality industry average (17.3x).

Price to Earnings Ratio vs Fair Ratio

What is 2723's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

2723 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio40.5x
Fair PE Ratio29.8x

Price-To-Earnings vs Fair Ratio: 2723 is expensive based on its Price-To-Earnings Ratio (40.5x) compared to the estimated Fair Price-To-Earnings Ratio (29.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 2723 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentNT$91.10
NT$99.60
+9.3%
11.7%NT$112.00NT$80.00n/a5
Jan ’26NT$96.80
NT$99.60
+2.9%
11.7%NT$112.00NT$80.00n/a5
Dec ’25NT$95.70
NT$97.17
+1.5%
12.3%NT$112.00NT$80.00n/a6
Nov ’25NT$89.90
NT$95.50
+6.2%
12.4%NT$112.00NT$80.00n/a6
Oct ’25NT$91.20
NT$90.50
-0.8%
11.1%NT$110.00NT$80.00n/a6
Sep ’25NT$82.70
NT$93.83
+13.5%
14.8%NT$120.00NT$80.00n/a6
Aug ’25NT$83.10
NT$93.83
+12.9%
14.8%NT$120.00NT$80.00n/a6
Jul ’25NT$85.90
NT$97.57
+13.6%
16.2%NT$120.00NT$80.00n/a7
Jun ’25NT$90.80
NT$97.57
+7.5%
16.2%NT$120.00NT$80.00n/a7
May ’25NT$90.90
NT$97.71
+7.5%
16.7%NT$120.00NT$80.00n/a7
Apr ’25NT$92.80
NT$98.86
+6.5%
17.4%NT$120.00NT$80.00n/a7
Mar ’25NT$89.10
NT$106.14
+19.1%
20.7%NT$141.00NT$80.00n/a7
Feb ’25NT$96.10
NT$135.43
+40.9%
21.6%NT$200.00NT$104.00n/a7
Jan ’25NT$101.50
NT$135.43
+33.4%
21.6%NT$200.00NT$104.00NT$96.807
Dec ’24NT$101.50
NT$135.43
+33.4%
21.6%NT$200.00NT$104.00NT$95.707
Nov ’24NT$99.80
NT$154.50
+54.8%
15.9%NT$200.00NT$135.00NT$89.906
Oct ’24NT$105.50
NT$164.17
+55.6%
17.5%NT$200.00NT$135.00NT$91.206
Sep ’24NT$114.50
NT$173.33
+51.4%
15.4%NT$200.00NT$135.00NT$82.706
Aug ’24NT$121.50
NT$178.83
+47.2%
12.6%NT$200.00NT$135.00NT$83.106
Jul ’24NT$143.50
NT$186.43
+29.9%
10.4%NT$200.00NT$140.00NT$85.907
Jun ’24NT$148.50
NT$186.43
+25.5%
10.4%NT$200.00NT$140.00NT$90.807
May ’24NT$155.50
NT$169.14
+8.8%
15.6%NT$200.00NT$120.00NT$90.907
Apr ’24NT$145.00
NT$167.43
+15.5%
15.7%NT$200.00NT$120.00NT$92.807
Mar ’24NT$161.50
NT$141.71
-12.3%
17.7%NT$180.00NT$120.00NT$89.107
Feb ’24NT$153.50
NT$122.00
-20.5%
9.1%NT$136.00NT$100.00NT$96.107
Jan ’24NT$151.50
NT$118.86
-21.5%
8.2%NT$135.00NT$100.00NT$101.507
Analyst Price Target
Consensus Narrative from 5 Analysts
NT$99.60
Fair Value
8.5% undervalued intrinsic discount
5
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/10 23:24
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Gourmet Master Co. Ltd. is covered by 19 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ti-Rung HuangBarclays
Hongyan LinCGS International
Anita ChenCLSA